An Italian company producing raw materials for carpets expressed interest in investing US$ 20 million (roughly IDR 278 billion), the Indonesia Investment Coordinating Board (BKPM) announced. BKPM especially welcomes the interest to invest since the firm is subsumed into one of the Board’s priority sectors – export-oriented industry. According to BKPM, 100 percent of the products will be exported to New Zealand and Australia.

The Chairman of BKPM, Franky Sibarani, said that the Italian company was founded in 1969 and has two main business units – filament for textile floorings and filament for garments. Franky stated that the potential investor is currently thinking about the investment location. West Java, Banten and Surabaya are amongst the potential options. The company expressed its plan to visit Jakarta this July.

According to an official of BKPM’s Representative Office Investment Promotion in London, Nurul Ichwan, his side will be responsible for the coordination with the Indonesian representatives in Italy and its European marketing officer to meet the company’s CEO with the Indonesian government and private sector. Nurul pointed out that after the visit, the company will apply for a principal license to BKPM’s One-Door Integrated Service (PTSP).